UK Finance Minister Rishi Sunak his wife Akshata Murthy are facing political attacks over the tax dispute. An obstacle is being put in the way of his becoming the British Prime Minister. Britain’s opposition party has questioned the non-resident tax status of India-born Akshata Murthy, daughter of Infosys co-founder Narayana Murthy, and demanded an immediate explanation from her finance minister husband Rishi Sunak.
The opposition is targeting Infosys co-founder Narayana Murthy’s daughter Akshata for not paying her taxes. Akshata has non-resident status, so she didn’t pay taxes, but she has now told the BBC she will start paying taxes in England on “worldwide income”.
Non-resident status means that Akshata Murthy is not legally bound to pay tax in the UK on income earned abroad. He holds shares of Infosys.
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A spokesperson for Murthy, director of venture capital firm Catamaran UK, said the non-resident status is because India does not recognize dual nationality and she pays all legally required taxes in the UK. “Akshata Murthy is a citizen of India, which is the country of her birth and the home of her parents,” the spokesperson said.
He said, “India does not allow its citizens to simultaneously hold citizenship of another country. Therefore, according to British law, the idol is treated as a non-resident for tax purposes in the UK. She has always paid her UK taxes in full and will continue to do so.
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The details of Akshata Murthy’s tax status first appeared in The Independent on Wednesday. Just before this, Sunak had announced new taxes, which will be applicable for the new financial year. The opposition Labor Party sought clarification as to whether his family, which currently lives at 11 Downing Street, was benefiting from tax deduction schemes such as registering as non-residents.